Focus on Transport
US finalizes $1.5 billion chips award for GlobalFoundries to expand production
GlobalFoundries secures $1.5B U.S. subsidy to expand semiconductor production in New York and Vermont, boosting chip supply chains.
Ford to cut European jobs as EV shift, Chinese rivals take toll
Ford to cut 14% of European workforce, citing EV losses, weak demand and rising competition.
China’s Pony AI seeks up to $4.55 billion valuation in upsized US IPO
Pony AI aims to raise up to $260M in its U.S. IPO, the robotaxi firm announced Wednesday.
Exxon Mobil signs non-binding lithium supply deal with LG Chem
Exxon signs non-binding deal to supply LG Chem with lithium from its Arkansas project, advancing U.S. EV battery supply chain ambitions.
US senators push auto safety agency to finalize vehicle rules
Democratic senators press NHTSA to act swiftly on overdue safety rules as U.S. traffic deaths remain above pre-pandemic levels.
In Australia, you will soon be able to power your house with your electric car. Here’s how
New standards bring V2G tech to Australia, letting EVs power homes, earn income, and stabilize the grid — expected by Christmas.
VW union proposes $1.6 billion of cuts, but no plant closures
Volkswagen workers offer €1.5B in cost savings to avoid plant closures, warning of historic conflict over deeper cuts and closures.
Chinese EV maker XPeng to break even later in 2025, president says
Chinese EV maker Xpeng enters 'super cycle,' driven by strong demand and overseas expansion.
Qualcomm ‘positive’ on Trump administration as it forecasts chip sales growth
Qualcomm expects $8 billion in automotive chip revenue and $4 billion in PC chip sales by fiscal 2029, it said at an investor...
Trump administration plans to roll back Biden’s stricter fuel-efficiency standards
Trump's team plans to roll back Biden-era EV rules and fuel standards, aiming to ease automaker burdens and end the EV tax credit.
